Chairman of the US SEC: The SEC does not need to specify which crypto assets are safe and which are not.

On December 4, Gary Gensler, director of the United States Securities and Exchange Commission (SEC), said the SEC did not need to specify which crypto assets are safe and which are not. Due to these laws and the courts have set many restrictions. Senator Pat Toomey told Gensler, "Pick some of the characteristics that distinguish cryptocurrencies that are safe from securities." Gensler said, "It depends on the facts and circumstances, including the crypto asset. Even if some financial instruments are given or sold as securities." (The block)